Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

No, but the ... but the broader point I've been made in my ...made in my evidence is the situation of what Anglo Irish Bank was at that stage, common knowledge in Dublin. I had evidence of that during the day. The notion of emergency liquidity assistance being ... being required in the context of a guarantee ... without some plan seems to me to be extremely dangerous. The contagion to the other banks ... was very, very risky. It was my view that it was a risk that we shouldn't take.

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